Civic Intelligence

Whitehall Credit Union

990 • Fiscal year 2014 • EIN 31-0628671

Jan 01, 2014 to Dec 31, 2014 • Filed on May 06, 2015

5025 East Main StreetColumbus, OH 43213

(614) 866-5025

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

66th percentile

0.89x

Higher debt load relative to assets than 66% of similar nonprofits.

2014 filings • 501(c)14 • $10M-$25M nonprofits • Source year 2014

Liabilities / Revenue

70th percentile

24.25x

Higher debt load relative to revenue than 70% of similar nonprofits.

2014 filings • 501(c)14 • $10M-$25M nonprofits • Source year 2014

Net Margin

5th percentile

-24%

Higher net margin than 5% of similar nonprofits.

2014 filings • 501(c)14 • $10M-$25M nonprofits • Source year 2014

Top Officer Pay

99th percentile

$197,548

Higher top officer pay than 99% of similar nonprofits.

Top officer pay equals 30.1% of source-year revenue.

2014 filings • 501(c)14 • $10M-$25M nonprofits • Source year 2014

Asset Growth

50th percentile

1.8%

Faster asset growth than 50% of similar nonprofits.

2014 filings • 501(c)14 • $10M-$25M nonprofits • Annualized from 2013 to 2014

Revenue Growth

41st percentile

-1.7%

Faster revenue growth than 41% of similar nonprofits.

2014 filings • 501(c)14 • $10M-$25M nonprofits • Annualized from 2013 to 2014

Assets

Up

$17,958,163

Up $316,031 (+1.8%) from 2013

Net Assets

Down

$2,062,460

Down $160,050 (-7.2%) from 2013

Liabilities

Up

$15,895,703

Up $476,081 (+3.1%) from 2013

Revenue

Down

$655,473

Down $11,134 (-1.7%) from 2013

Expenses

Up

$815,523

Up $99,222 (+14%) from 2013

Net Income

Down

-$160,050

Down $110,356 (-222%) from 2013

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$20M$15M$10M$5.0M$0Assets 2010: $17,080,982Liabilities 2010: $14,763,718Net Assets 2010: $2,317,2642010Assets 2011: $17,264,388Liabilities 2011: $14,990,347Net Assets 2011: $2,274,0412011Assets 2012: $17,663,470Liabilities 2012: $15,391,266Net Assets 2012: $2,272,2042012Assets 2013: $17,642,132Liabilities 2013: $15,419,622Net Assets 2013: $2,222,5102013Assets 2014: $17,958,163Liabilities 2014: $15,895,703Net Assets 2014: $2,062,4602014Assets 2015: $18,082,494Liabilities 2015: $16,081,366Net Assets 2015: $2,001,1282015Assets 2016: $18,016,607Liabilities 2016: $16,053,708Net Assets 2016: $1,962,8992016Assets 2017: $18,294,357Liabilities 2017: $16,328,787Net Assets 2017: $1,965,5702017Assets 2018: $18,683,515Liabilities 2018: $16,688,606Net Assets 2018: $1,994,9092018Assets 2019: $0Liabilities 2019: $0Net Assets 2019: $02019

Highlighted filing

2014

Assets$17,958,163
Liabilities$15,895,703
Net Assets$2,062,460

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$1.0M$500K$0-$500KExpenses 2010: $879,2522010Expenses 2011: $777,7602011Expenses 2012: $707,6032012Revenue 2013: $666,607Expenses 2013: $716,301Net Income 2013: -$49,6942013Revenue 2014: $655,473Expenses 2014: $815,523Net Income 2014: -$160,0502014Revenue 2015: $651,895Expenses 2015: $713,227Net Income 2015: -$61,3322015Revenue 2016: $635,414Expenses 2016: $673,643Net Income 2016: -$38,2292016Revenue 2017: $662,990Expenses 2017: $660,319Net Income 2017: $2,6712017Revenue 2018: $699,901Expenses 2018: $670,562Net Income 2018: $29,3392018Revenue 2019: $521,196Expenses 2019: $802,211Net Income 2019: -$281,0152019

Highlighted filing

2014

Revenue$655,473
Expenses$815,523
Net Income-$160,050
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
May 6, 2015
Return Version
2014v5.0
Gross Receipts
$655,473
Mission and Program Overview

Mission

As a member owned cooperative, we will be responsive to the financial needs of our members, we will offer fiscally sound, high quality, consumer related financial products and services in an honest and friendly manner, providing our members the opportunity to lead secure lifestyles.

Whitehall Credit Union is a financial institution cooperative organized to provide loan and deposit products and services to the member owners.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Program Related$8,589,631$9,132,631▲ $543,000
Other Notes and Loans Receivable, Net$7,255,567$7,403,248▲ $147,681
Rtn Earn Endowment Incm Other Fnds$2,222,510$2,062,460▼ $160,050
Land, Buildings, and Equipment, Net$594,032$570,650▼ $23,382
Savings and Temporary Cash Investments$751,510$335,736▼ $415,774
Cash and Non-Interest-Bearing Accounts$143,227$195,309▲ $52,082
Prepaid Expenses and Deferred Charges$55,092$57,382▲ $2,290
Accounts Receivable$10,660$19,879▲ $9,219
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$17,642,132$17,958,163▲ $316,031
Other Assets Total$242,413$243,328▲ $915
Liabilities
Other Liabilities$15,374,087$15,830,536▲ $456,449
Accounts Payable and Accrued Expenses$45,535$65,167▲ $19,632
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$15,419,622$15,895,703▲ $476,081
Net Assets / Fund Balance
Total Net Assets Fund Balance$2,222,510$2,062,460▼ $160,050
Total Liabilities and Net Assets / Fund Balance$17,642,132$17,958,163▲ $316,031

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$305,850$216,394$522,244
Equipment$32,432$315,588$348,020
Land$232,368-$232,368
Investment Program Related Org$656,631--
Other Land Buildings$0$0$0
Leasehold Improvements$0$0$0
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Jeffrey GardnerChief Executive OfficerFT$166,948$31,578$198,526

Board Members and Trustees

NameTitle
Bob EakinChairman of the Board
Don LutzVice Chairman of Board
Bryan WeisbarthDirector
Doris CoyDirector
Jim PaceDirector
Pam EnnisSecretary of Board
Gary KubatTreasurer of Board
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$552,203
Investment Income
$103,270
Other Revenue
$0
Change in Net Assets
$-160,050
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$486,322
Salaries, Compensation, and Employee Benefits$329,201
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$4,174$162,774$0$166,948
Other Salaries and Wages$86,222$0$0$86,222
Other Employee Benefits$25,337$23,310$0$48,647
Occupancy$37,361$0$0$37,361
Interest$35,461$0$0$35,461
Office Expenses$31,020$0$0$31,020
Information Technology$30,962$0$0$30,962
Depreciation Depletion$30,170$0$0$30,170
Fees for Services Other$0$29,017$0$29,017
All Other Expenses$28,934$0$0$28,934
Payroll Taxes$8,306$8,951$0$17,257
Insurance$11,935$0$0$11,935
Pension Plan Contributions$5,914$4,213$0$10,127
Fees for Services Management$0$9,287$0$9,287
Advertising$7,104$0$0$7,104
Other Expenses$0$4,072$0$4,072
Conferences and Meetings$1,820$1,773$0$3,593
Fees for Services Legal$2,219$0$0$2,219
Total Functional Expenses$572,126$243,397$0$815,523
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Members share savings$10,013,893
Members draft checking$2,726,545
Members share certificates$2,431,453
Members IRA certificates$517,160
Members IRA savings$141,485
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

All credit unions by charter are member owned.

Form 990, Part VI, Section A, Line 7A

All of the governing body is elected by the membership

Form 990, Part VI, Section B, Line 11B

The 990 is reviewed by management and the Board of Directors prior to submission.

Form 990, Part VI, Section B, Line 12C

The conflict of interest policy is reviewed by the employees and the Board of Directors annually.

Form 990, Part VI, Section B, Line 15

Compensation of key employees is approved by the Board of Directors, independent compensation surveys are utilized as a tool in setting compensation levels.

Form 990, Part VI, Section C, Line 19

The governing documents, conflict of interest policy and financial statements are made available upon request.

Filing and Contact Details

Filer

Filer Name
Whitehall Credit Union
EIN
31-0628671
Phone
6148665025
Address
5025 East Main Street, Columbus, OH 43213

Signing Officer

Name
Jeffrey Gardner
Title
Chief Executive Officer
Phone
6148665025
Signed
2015-05-06
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jeffrey Gardner
Formed
1978
Legal Domicile
Oh
Voting Board Members
7
Independent Board Members
7
Employees
6
Volunteers
7

Preparer

Firm
Schmidt & Associates
Address
P O Box 2588, Columbus, OH 43216
Preparer
Melissa Schmidt
Phone
6145291640
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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/InvestmentsProgramRelatedGrp/EOYAmt09132631
IRS990/InvestmentsPubTradedSecGrp/BOYAmt00
IRS990/InvestmentsPubTradedSecGrp/EOYAmt00
IRS990/IRPDocumentCnt0267
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0531982
IRS990/LandBldgEquipBasisNetGrp/BOYAmt0594032
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0570650
IRS990/LandBldgEquipCostOrOtherBssAmt01102632
IRS990/LegalDomicileStateCd0OH
IRS990/LoanOutstandingInd01
IRS990/LoansFromOfficersDirectorsGrp/BOYAmt00
IRS990/LoansFromOfficersDirectorsGrp/EOYAmt00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd01
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0As a member owned cooperative, we will be responsive to the financial needs of our members, we will offer fiscally sound, high quality, consumer related financial products and services in an honest and friendly manner, providing our members the opportunity to lead secure lifestyles.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt00
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt00
IRS990/NetAssetsOrFundBalancesBOYAmt02222510
IRS990/NetAssetsOrFundBalancesEOYAmt02062460
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/FundraisingAmt00
IRS990/OccupancyGrp/ManagementAndGeneralAmt00
IRS990/OccupancyGrp/ProgramServicesAmt037361
IRS990/OccupancyGrp/TotalAmt037361
IRS990/OfficeExpensesGrp/FundraisingAmt00
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt00
IRS990/OfficeExpensesGrp/ProgramServicesAmt031020
IRS990/OfficeExpensesGrp/TotalAmt031020
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0242413
IRS990/OtherAssetsTotalGrp/EOYAmt0243328
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt023310
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt025337
IRS990/OtherEmployeeBenefitsGrp/TotalAmt048647
IRS990/OtherExpensesGrp/Desc0Loan servicing (credit card, collections)
IRS990/OtherExpensesGrp/Desc1Share servicing (ATM, debit, draft)
IRS990/OtherExpensesGrp/Desc2Regulators
IRS990/OtherExpensesGrp/FundraisingAmt00
IRS990/OtherExpensesGrp/FundraisingAmt10
IRS990/OtherExpensesGrp/FundraisingAmt20
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt00
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt10
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt24072
IRS990/OtherExpensesGrp/ProgramServicesAmt097032
IRS990/OtherExpensesGrp/ProgramServicesAmt1128155
IRS990/OtherExpensesGrp/ProgramServicesAmt20
IRS990/OtherExpensesGrp/TotalAmt097032
IRS990/OtherExpensesGrp/TotalAmt1128155
IRS990/OtherExpensesGrp/TotalAmt24072
IRS990/OtherLiabilitiesGrp/BOYAmt015374087
IRS990/OtherLiabilitiesGrp/EOYAmt015830536
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt00
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt00
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt086222
IRS990/OtherSalariesAndWagesGrp/TotalAmt086222
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt07255567
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt07403248
IRS990/PartialLiquidationInd00
IRS990/PaymentsToAffiliatesGrp/FundraisingAmt00
IRS990/PaymentsToAffiliatesGrp/ManagementAndGeneralAmt00
IRS990/PaymentsToAffiliatesGrp/ProgramServicesAmt00
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayrollTaxesGrp/FundraisingAmt00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt08951
IRS990/PayrollTaxesGrp/ProgramServicesAmt08306
IRS990/PayrollTaxesGrp/TotalAmt017257
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PensionPlanContributionsGrp/FundraisingAmt00
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt04213
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt05914
IRS990/PensionPlanContributionsGrp/TotalAmt010127
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt055092
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt057382
IRS990/PrincipalOfficerNm0Jeffrey Gardner
IRS990/PriorPeriodAdjustmentsAmt00
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0522130
IRS990/ProgramServiceRevenueGrp/BusinessCd1522130
IRS990/ProgramServiceRevenueGrp/BusinessCd2522130
IRS990/ProgramServiceRevenueGrp/BusinessCd3522130
IRS990/ProgramServiceRevenueGrp/Desc0Interest on loans to members
IRS990/ProgramServiceRevenueGrp/Desc1Fees to members
IRS990/ProgramServiceRevenueGrp/Desc2ATM surcharges to nonmembers
IRS990/ProgramServiceRevenueGrp/Desc3Rental income
IRS990/ProgramServiceRevenueGrp/ExclusionAmt00
IRS990/ProgramServiceRevenueGrp/ExclusionAmt10
IRS990/ProgramServiceRevenueGrp/ExclusionAmt20
IRS990/ProgramServiceRevenueGrp/ExclusionAmt30
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0362394
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1182262
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt20
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt30
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0362394
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1182262
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt21814
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt35733
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt10
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt21814
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt35733
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PymtTravelEntrtnmntPubOfclGrp/FundraisingAmt00
IRS990/PymtTravelEntrtnmntPubOfclGrp/ManagementAndGeneralAmt00
IRS990/PymtTravelEntrtnmntPubOfclGrp/ProgramServicesAmt00
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYRevenuesLessExpensesAmt00
IRS990/PYTotalExpensesAmt00
IRS990/PYTotalRevenueAmt00
IRS990/RcvblFromDisqualifiedPrsnGrp/BOYAmt00
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0-160050
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/PersonalAmt00
IRS990/RentalIncomeOrLossGrp/RealAmt00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd01
IRS990/RevenueAmt0647926
IRS990/RoyaltiesGrp/FundraisingAmt00
IRS990/RoyaltiesGrp/ManagementAndGeneralAmt00
IRS990/RoyaltiesGrp/ProgramServicesAmt00
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/ExclusionAmt00
IRS990/RoyaltiesRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/RoyaltiesRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt02222510
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt02062460
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0751510
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0335736
IRS990/ScheduleBRequiredInd00

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